- To measure the viewpoint of the European Community's market operators on the application of the Council Directive 2003/48/EC on taxation of income from savings;
- to examine expected impact on the market of possible amendments to the Directive which might be considered:
- to remove distortions to competition between different financial products and market operators.

Task:

Other

To examine the operation of the Directive and to give advice on the possible need for amendments to the legislation.

No meetings were held in 2010.
Work of the expert group, including prior meetings, can be obtained in the following link A meeting was held on 17 February 2011. The following topics were discussed: Launching of the second review of the Savings Taxation Directive as requested by its Article 18; draft final report on the start-up and recurrent costs of implementation of the Savings Directive (including a presentation by Deloitte); discussion on possible options available for an evaluation of the substitution effect between comparable retail savings products. A second meeting of the group was held in 2011 on 28 October. The following topics were discussed: (i) Update of the status of the Amending Proposal; (ii) the UK-CH and DE-CH agreements; (iii) Progress update on FATCA; and (iv) preliminary results from the Savings Directive review 2011.
Two meetings of the group took place in 2012: (i) Update of the Council discussions on the Amending Proposal and mandates for the negotiation of the Savings Agreements; (ii) Update on FATCA - discussion on the Model Intergovernmental agreement and the electronic system needed to transmit the data required by the Model. Summary records of the meetings can be found on the link below.
A meeting of the group took place on 27 June 2013, which was devoted to the following topics: (i) Update on developments on the Amending Proposal and the Savings Agreements with European third countries; (ii) EU and international developments on automatic exchange of information; and (iii) any other business. Summary record of the meeting can be found on the link below.

Members are appointed on the basis of their technical experience of the tasks to be performed by the group and to represent stakeholders affected by the Directive and possible future amendments. The sectors represented in the Group are banking, insurance, asset management, trust and related sectors in the EU, in addition to a financial consumer association. For the composition of the Group, the Commission has aimed to have different or complementary profiles in terms of their nationality, professional background and specific field of expertise.

Internal Rules of Procedure

Expert groups usually operate in an informal setting without any formal rules of procedure. This is the case for this group

No Subgroups assigned to this group.

Number of Members: 21

Type A - Individual expert appointed in his/her personal capacity:

0

female:

0

male:

0

Type B - Individual expert appointed as representative of a common interest:

21

female:

2

male:

19

Type C - Organisation:

0

Type D - Member State Authority:

0

Type E - Other public entity:

0

Number of Alternate Members: 13

Type A - Individual expert appointed in his/her personal capacity:

0

female:

0

male:

0

Type B - Individual expert appointed as representative of a common interest:

13

female:

2

male:

11

Type C - Organisation:

0

Type D - Member State Authority:

0

Type E - Other public entity:

0

Number of Observers: 0

Type A - Individual expert appointed in his/her personal capacity:

0

female:

0

male:

0

Type B - Individual expert appointed as representative of a common interest:

0

female:

0

male:

0

Type C - Organisation:

0

Type D - Member State Authority:

0

Type E - Other public entity:

0

Type B - Individual expert appointed as representative of a common interest